The Colorado Economic Development Commission announced that three companies have been approved to participate in the Rural Jump-Start Zone Tax Credit program, representing the first wave of businesses to expand or relocate in Mesa County as a result of the new “tax holiday.” The companies are projected to add 20 new jobs to the county in 2016.
“We’re excited for Mesa County to welcome the inaugural batch of companies into the Rural Jump-Start program,” said Kristi Pollard, executive director for the Grand Junction Economic Partnership. “The program will bring a real competitive edge to our county and enhance Colorado’s overall profile as a hub for entrepreneurship and high-tech industry.” Two expanding Mesa County businesses and an Australian transplant are the first companies to participate in the program.
Colorado Clean, based in the town of Palisade, is a biodegradable plastic company that manufactures and distributes products that typically use a traditional plastic, such as water bottles, with a patented, 100 percent-biodegradable Amphora film that uses 80 percent less petroleum by mass than competitors. ProStar Geocor, based in Grand Junction, is a software company focused on providing next-generation geospatial intelligent solutions to pipeline and utility owners through patented technologies that provide real-time functionality and can be used to streamline the asset management life-cycle process.
TSW Analytical is an Australian-based forensics investigation and technology development company that will be expanding its operations to North America thanks to the Rural Jump-Start program. TSW is a recognized global leader in the application of instrumental technology to food authentication and origin determination.
Mesa County’s Jump-Start program offers participating businesses up to eight years of zero state income and sales and use taxes; zero county and municipal property taxes and sales and use taxes; and zero state income taxes for their employees. In exchange, the businesses will add a minimum of five net new jobs to the county in high-paying, highly skilled fields such as advanced manufacturing, food processing, biotech and other advanced technologies. The companies also agree to form a partnership with a local institute of higher education through mentorship, internship opportunities and community involvement.
